U.S. Bank Names Business Development Officer

Jon Reiners was named vice president and business development officer at U.S. Bank Institutional Trust and Custody in Denver.
Reiners is responsible for developing relationships with potential clients in Colorado, Arizona, Utah, Wyoming, Nevada and New Mexico. His role focuses on corporations, insurance companies, foundations, financial institutions and government entities with fiduciary and custodial needs.

Reiners reports to Karl Wilson, senior vice president and regional manager. “Jon is a great addition to our team,” Wilson said. “With specialized expertise in the back office needs of registered investment advisers, broker/dealers, and asset managers, Jon will connect our clients with the right products and services to help enhance and grow their business.”

Reiners has worked in financial services for more than 12 years. He comes to U.S. Bank from Orion Advisor Services LLC, where he served as vice president of Institutional Business Development. Reiners holds a bachelor’s degree in health care administration from Bellevue University in Nebraska.

Financial Engines Offers IRA Management

Financial Engines is expanding its services to include management of Individual Retirement Accounts (IRAs).

IRA management includes access to Financial Engines’ retirement income feature, Income+. The company is now managing IRA assets for 401(k) participants from select plan sponsors on multiple custodial platforms. 

Financial Engines extended its Income+ methodology to IRAs so that retirees looking to generate income from an IRA can receive steady monthly payouts based on their household’s changing needs. This enhancement also makes management and Income+ portable for participants who want continued help if they decide to roll out of their 401(k) plan or take a pension lump sum distribution.

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“Americans entering retirement today, especially those with modest assets, are on their own to manage unprecedented complexity and uncertainty,” said Jeff Maggioncalda, CEO of Financial Engines. “There is an urgent need for unbiased help and management that puts together all retirement accounts and sources of income to make the most of what people have saved. By offering IRA management, we are another step closer to this vision.”

Broader IRA advice and management will leverage Financial Engines’ institutional-quality methodology and is delivered through an open architecture framework so participants do not need to move their accounts. Current custody platforms include Charles Schwab and TD Ameritrade.

More information is available on the Financial Engines website at http://corp.financialengines.com/.

 

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